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Potential Price Increase for Equitable Holdings Inc (EQH) After Recent Insider Activity

Equitable Holdings Inc’s recently made public that its Equitable Holdings, Inc. acquired Company’s shares for reported $17.09 million on Sep 20 ’24. In the deal valued at $34.18 per share,500,000 shares were bought. As a result of this transaction, Equitable Holdings, Inc. now holds 3,066,838 shares worth roughly $134.66 million.

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Then, Eckert William James IV sold 3,500 shares, generating $148,456 in total proceeds. Upon selling the shares at $42.42, the Chief Accounting Officer now owns 19,321 shares.

Before that, WILLIAM J ECKERT IV bought 3,500 shares. Equitable Holdings Inc shares valued at $148,456 were divested by the Officer at a price of $42.42 per share.

Barclays initiated its Equitable Holdings Inc [EQH] rating to an Overweight in a research note published on September 05, 2024; the price target was $59. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Neutral”. JP Morgan also remained covering EQH and has decreased its forecast on January 03, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Jefferies revised its rating on December 11, 2023. It rated EQH as “a Buy” which previously was an “a Hold”.

Price Performance Review of EQH

On Friday, Equitable Holdings Inc [NYSE:EQH] saw its stock jump 1.97% to $43.91. Over the last five days, the stock has gained 2.38%. Equitable Holdings Inc shares have risen nearly 31.86% since the year began. Nevertheless, the stocks have risen 55.21% over the past one year. While a 52-week high of $44.50 was reached on 07/31/24, a 52-week low of $24.65 was recorded on 02/01/24. SMA at 50 days reached $40.86, while 200 days put it at $38.26.

Levels Of Support And Resistance For EQH Stock

The 24-hour chart illustrates a support level at 43.26, which if violated will result in even more drops to 42.62. On the upside, there is a resistance level at 44.49. A further resistance level may holdings at 45.08. The Relative Strength Index (RSI) on the 14-day chart is 69.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.36%. Stochastics %K at 88.76% indicates the stock is a selling.

How much short interest is there in Equitable Holdings Inc?

A steep rise in short interest was recorded in Equitable Holdings Inc stocks on 2024-09-30, growing by 0.3 million shares to a total of 4.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.13 million shares. There was a rise of 6.72%, which implies that there is a positive sentiment for the stock.

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